Prism Stocks making the biggest moves premarket: Uber, Reddit, Electronic Arts and more

Check out the major stock movements that set the tone before the market opened on Wednesday, May 8.

Uber Technologies

— The leading ride-hailing platform experienced a 7% decrease following mixed results in its first quarter. Uber’s total revenue surpassed predictions, reaching $10.13 billion against an LSEG estimate of $10.11 billion. However, the $37.65 billion booking revenue fell short of the StreetAccount forecast of $37.93 billion.


– The popular social networking site saw an 11% rise after its premier quarterly report exceeded estimates. Reddit’s losses were $8.19 per share against $243 million revenue, outperforming the FactSet predictions of an $8.75 loss per share against $214 million revenue.


– The ride-hailing competitor’s stock rose by 5% following Q1 results that showed growth faster than anticipated. Reporting $1.28 billion revenue, Lyft surpassed the StreetAccount consensus of $1.16 billion. Total bookings also exceeded forecasts.

Electronic Arts

– The video game behemoth saw a 3% drop following disappointing fiscal Q4 results. EA reported adjusted earnings of $1.37 per share and net bookings of $1.67 billion, falling short of StreetAccount’s expected $1.52 earnings per share on a revenue of $1.78 billion. The current quarter guidance also missed expectations.


– Shares in the software corporation dropped by 7% after the release of disappointing Q2 guidance. Twilio projects revenues between $1.05 billion and $1.06 billion, falling short of the $1.08 billion analysts predicted via LSEG. However, the company’s Q1 results exceeded both top and bottom lines.


– The beleaguered car manufacturer’s shares dropped by 7% after reporting Q1 losses of $527 million, improved from the previous year’s loss of $535 million despite a near doubling in revenue.


– The restaurant management software provider saw a 5% climb following its earnings report. It reported a revenue of $1.08 billion, exceeding LSEG’s estimate of $1.04 billion. The loss of 15 cents was also narrower than the 14 cents expected.

Dutch Bros

– Stocks in the coffee retailer climbed 8% after an impressive Q1. Dutch Bros. posted 9 cents adjusted earnings per share on a $275 billion revenue, outpacing LSEG’s prediction of 2 cents per share on a $256 million revenue.


– The fintech company’s stock rose by 2.7% after exceeding Wall Street’s Q3 expectations. Affirm reported a loss of 43 cents per share on $576 million of revenue, beating LSEG’s forecasted loss of 70 cents per share on $549 million revenue.


– The travel company’s stock plummeted by 17% when it was announced that the special committee had not found any deals with third parties in the shareholders’ best interest.

Cirrus Logic

— The semiconductor company saw a 12% surge after surpassing quarterly expectations. Cirrus Logic reported Q4 adjusted earnings of $1.24 per share, significantly besting the 64 cents per share expected by StreetAccount analysts. The $371.8 million revenue also exceeded forecasts.


– The e-commerce player saw an 18% drop after their Q2 guidance projected a year-over-year dip in gross margin.

Arista Networks

– The computer networking firm’s shares rocketed 6% after a strong Q1. Arista reported $1.99 earnings per share on a revenue of $1.57 billion, outperforming LSEG’s expectations of $1.74 earnings per share on $1.55 billion of revenue.

Match Group

— The dating platform’s stock fell by over 5% after projecting Q2 revenues between $850 million and $860 million. Analysts surveyed by StreetAccount had a higher expectation of $882.7 million.

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Prism Stocks making the biggest moves premarket: Uber, Reddit, Electronic Arts and more

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